All About Mount Waverley, Monash, VIC, 3149

Mount Waverley, located within the City of Monash in Victoria, Australia, presents a dynamic housing market characterized by a blend of established properties and modern developments. The suburb is known for its spacious and leafy residential areas, which attract families, professionals, and retirees alike who are seeking a tranquil yet well-connected community. The housing market has seen steady growth due to Mount Waverley’s appeal as a family-friendly suburb with excellent educational institutions, including the well-regarded Mount Waverley Secondary College. This demand has maintained relatively high property values, with a strong competition for the traditionally larger family homes that are hallmark features of the area. Coupled with its proximity to Melbourne's central business district—approximately 16 kilometers away—Mount Waverley attracts buyers looking for suburban comfort without sacrificing urban accessibility.

Living in Mount Waverley offers a blend of suburban charm and urban convenience. The suburb is characterized by its generous green spaces, including parks, reserves, and walking trails, which foster an active lifestyle and community engagement. Mount Waverley’s local amenities, such as shopping centers, cafes, and restaurants, provide residents with convenient access to everyday necessities and leisure activities. The area is well-serviced by public transport, including a train station that ensures straightforward commutes to Melbourne's CBD and beyond. Residents often appreciate the sense of community, with local events and activities that promote neighborly camaraderie. Overall, Mount Waverley is seen as a desirable place to live, balancing the peaceful atmosphere of suburban life with the conveniences of modern-day living.

Mount Waverley Real Estate Market Outlook

Thinking about buying in Mount Waverley? Now could not be a better time, with 18994 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $1,923,000 with prices in this suburb ranging from $218,000 to $8,722,000. The aproximate distance to the coast is 10 Km.

Consistent high demand relative to supply is a key feature in Mount Waverley driving regular price increases. Recent rapid price increases however may constrain future growth by limiting demand. High average incomes in Mount Waverley ensure a focus on quality with a commensurate high entry price under constant demand. Competition for available quality housing is intense with multiple offers likely to be made in excess of asking prices. The high percentage of professional people in Mount Waverley classifies the area as "gentrified". This implies high demand for quality housing, generally of larger than average size. Price growth is ensured even where the state affordability index is negatively impacting other areas. High density population in Mount Waverley requires consistent turnover in housing ensuring constant demand. Housing styles may be a mix of low, medium, and high density, providing choice for well-financed buyers and value growth over time. Higher than average industry presence in the wider area offering local employment yet with not a large negative impact on local amenity, provides good demand and price growth.

Instant Property Valuation

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Public Transport

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General Points of Interest

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